"There
are obligations imposed by LEY 57/1968 on financial institutions -
some banks have not acted with diligence"Source: Banco de España Memoria
del Servicio de Reclamaciones 2008 & El Pais Newspaper - August 2008"New
solutions tailored to the present-day problems must be sought"
"Good supervisors should not limit themselves to analysing the
present, but should also anticipate possible scenarios
of non-viability that might arise in the future and attempt to
reduce problems to a minimum before they emerge"Source: Miguel Ángel
Fernández Ordóñez - Ex-Governor of Banco de España - Speech at
Fundación de Estudios Financieros, Madrid, 1 December 2011

“Come here calmly, and trust in the system that we have and the
transparency we provide” Excelentísimo Señora
Beatriz Corredor Sierra - Ex-Spanish Housing Minister - February 2011

“Spain's voice must be respected again in Brussels and
Frankfurt. We will stop being part of the problem
and will be part of the solution" November 2011"You have
before you a President of the Government who will face up to issues
and not hide himself away"Interview EFE Agency January
2012Excelentísimo Señor Mariano Rajoy Brey -
Presidente del Gobierno de España - November 2011

Ex-Spanish Prime
Minister Mr José Luis Rodríguez Zapatero said in
THE EU PARLIAMENT ON 6 JULY 2010:"My country is based on the rule of law and it respects and ensures
that
laws are respected. The courts are responsible for the
application of law.
We stand shoulder to shoulder with those
people who, maybe, have had the
wool pulled over their eyes in the
property sector"

THIS PETITION IS NOW
CLOSED. THE PETITION HAS BEEN SUBMITTED TO THE SPANISH
GOVERNMENT AND TO THE BRITISH GOVERNMENT

THIS WEBSITE WILL REMAIN ACTIVE AND WILL BE USED IN A
CONTINUING EFFORT TO
HIGHLIGHT THE ISSUE OF BANK GUARANTEES IN SPAIN AND LEY
57/1968

THE DATA SUBMITTED BY PETITIONERS IS STRICTLY CONFIDENTIAL
AND WILL NEVER BE USED
FOR ANY COMMERCIAL PURPOSE. YOU WILL NEVER BE
CONTACTED BY ANY COMMERCIAL ENTITY
OR LAW FIRM AS A RESULT OF HAVING JOINED THE PETITION.The Bank Guarantees Website is a
free voluntary service providing information regarding LEY
57/68 and Bank Guarantee Abuse.
Under no circumstances can the Bank Guarantees In Spain
Website provide advice on an individual basis or give an
opinion on specific individual cases.
Before making a decision or taking any action with
regards to your personal situation we
must strongly advise that
you take independent legal advice.
The Bank Guarantees In Spain Website and Petition does not
endorse the services of any Lawyer or Law Firm.

About This Website & Petition

This website
and petition were designed and organised on a
voluntary basis by Keith -
Coordinator of
FINCA PARCS ACTION GROUP.
Thank you to Ruth and Anne for
their excellent support and assistance with the
compilation of the petition questions
based on their respective experiences
of the Spanish Judicial System. Thank you also to María
Luisa de Castro,
Director of Costa Luz Lawyers for her
invaluable help, support and
guidance
during the past 5 years and to Reg - a member of
FINCA PARCS
ACTION GROUP, for his proof reading services
over the past 7 years!

Violation of Our Rights Under LEY
57/1968
The
right to have our off-plan
deposit funds protected according to Law
in an EU member
country have been violated. The aims of this
petition
were to
expose the
negligent actions of those involved, especially the
Banks &
Savings Banks, to highlight the
unacceptable delays
innocent purchasers are unnecessarily being subjected to in
the courts, to force accountability,
to demand justice and ensure change for
the future.

Mr Adam Farkas
Executive Director of the European Banking AuthorityMr Roberto Barone
President of the Council of the Notariats of the European UnionThe Right Honourable David Cameron MP
Prime Minister of the United KingdomThe Right Honourable Nick Clegg MP
Deputy Prime Minister of the United KingdomThe Right Honourable David Lidington MP
Minister for Europe, Government of the United KingdomJana Mittermaier
Head of Transparency International Liaison Office to the EUMr Charles Plant
Chairman of the Solicitors Regulation Authority, Redditch, UKMr Des Hudson
Chief Executive of the Law Society, London, UKMr Peter Bolton King
Chief Executive of the National Association of Estate Agents,
Warwick, UKThe petition and dossier of evidence will also be sent to other
carefully
selected MPs, MEPs and Government Departments

Petition Summary
Thousands of Off-Plan purchasers in Spain were not provided
with the
legally
required Bank Guarantees and in many cases where
Bank Guarantees were
issued
the Banks & Savings Banks are now refusing to honour them.Off-plan
purchasers are the innocent victims
in a trail of lies, deception,
negligence, lack of due diligence and complete lack of
control
within the
real estate sector.

The ultimate responsibility lies
with
Sr. Rajoy and the
Banco de España for their failure to adequately and effectively
supervise the Banks
& Savings Banks who are the guardians of
LEY 57/68 and who were
the 'vehicle' through which the illegalities
were allowed to operate.

This is a
serious public order matter and we demand that theBanco de
España
and Spanish
Government act immediately
to ensure that:

1. Any purchaser not provided
with the legally required Bank
Guarantee is refunded
immediately in accordance
with LEY 57/68

2. Any purchaser in possession of a Bank Guarantee, where the
developer has clearly defaulted on the contract, is able toexecute the Bank
Guarantee,in accordance with LEY 57/68,
without the need for litigation
3. 'Fast
Track' specialised courts and an official Ombudsmanbe established to deal specifically with claims relating
to
Off-Plan deposits, Bank Guarantees and
the implementation of LEY 57/68

4. The
Spanish Government and
Banco de España must immediately
set
up a fund to underwrite the refunds on all Bank Guarantee cases

5. The Spanish Government and Banco de España
must act now to ensure the abuse
being suffered by innocent
off-plan purchasers
in Spain is ended immediately
and that it is never allowed
to happen again.

If the Banco de España and Spanish Government fail to actwithin defined timescales
on the above
issues then we ask the European
Parliament and
European
Commission to
take firm and effective action
demanding that these
very serious financial
illegalities are addressed
as a matter of extreme urgency.PLEASE CLICK HERE TO READ
THE
FULL TEXT OF THE PETITIONANY PERSON AFFECTED BY
BANK
GUARANTEE ABUSE WAS ABLE TO JOIN THE PETITION.

DATE PETITION
STARTED:
2 AUGUST 2010
DATE PETITION CLOSED: 31 DECEMBER 2012
NUMBER OF PETITIONERS TO DATE: 534The Bank Guarantees Website is a free voluntary
service providing information regarding LEY 57/1968
and Bank Guarantee Abuse. Under no circumstances can the Bank
Guarantees In Spain Website provide advice
on an individual basis or give an opinion on specific individual cases.

Before making a decision or taking any action with
regards to your personal situation we
must strongly advise that
you take independent legal advice.

The Bank Guarantees In Spain Website and Petition does not endorse the
services of any Lawyer or Law Firm.